3 tech names with growth ‘above the sustainable average’

Michael Sansoterra, lead portfolio manager for the RidgeWorth Large Cap Growth fund, says that every sector has stocks that are performing beyond investor expectations, but that the place with the most of those types of stocks right now is technology.

In the MoneyLife Market Call interview with Chuck Jaffe, MarketWatch senior columnist, Sansoterra noted that he looks for stocks with earnings growth that is both above average and “above the sustainable average,” noting that companies showing that condition prove particularly good when coupled with “disruptive products and services – they’re doing something new, or doing something old in a new way that is allowing them to take market share — … and they typically have a tailwind behind them that says these actions can continue for a few quarters.”

While Santoserra said there are companies worth buying across all sectors, he acknowledged that energy – particularly natural gas – and materials are areas where the pickings are particularly slim right now.

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